NOT LISTED FOR SALE

4171 Terrestrial Ln Las Vegas, NV 89115

Estimated Value: $500,681 - $646,000

8 Beds
4 Baths
3,212 Sq Ft
$187/Sq Ft Est. Value

Last Sold November 14, 2016

Last sale price $200,000 $62 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $3,422/month

45 Days on Market

Highlights

  • Community Pool
  • Security Guard
  • Property is in very good condition
  • Community Playground
  • Central Heating and Cooling System
  • Carpet

About This Home

As of November 2016

Great Investment opportunity. Highly desireable 4-plex in Lake Mead Villas, convenient to bus lines, freeways, employment, schools, shopping and entertainment. Each unit is 2 bdrm/1 bath with a fireplace and private laundry room with washer & dryer.

Last Agent to Sell the Property

Constantin Ene

Ameropan Realty and Property License #B.1002107 Listed on: 08/30/2016

Last Buyer's Agent

Ramon Wu

O'Harmony Realty LLC License #S.0075754

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,304

Year Built

  • Built in 1987

Lot Details

  • 8,276 Sq Ft Lot
  • Property is in very good condition

Parking

  • Paved Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,212 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Carpet

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, common areas, ground maintenance, recreation facilities, security, taxes
  • 4 Units
  • Lake Mead Villas Unit 1 Subdivision

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Additional Features

  • Professional Management Expense $2,400
  • Security Guard

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,304

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • Professional Management Expense: 2400.0
  • Subdivision Name: LAKE MEAD VILLAS UNIT 1
  • Directions: From Lamb & Lake Mead, North on Lamb, turn right on Dwarf Star, Right on Terrestrial to building.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1987
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1987

Interior Features

  • Number Of Buildings: 1
  • Flooring: Carpet
  • Window Features: Blinds

Exterior Features

  • Construction Type: Wood Frame
  • Property Condition: Resale, Very Good Condition
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Other, Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1200.0

Condo/Co-op/Association

  • Amenities: Playground, Pool, Guard, Spa/Hot Tub, Cable TV
  • Association Fee: 555.0
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Maintenance Grounds, Recreation Facilities, Security, Taxes

Lot Info

  • Lot Size Sq Ft: 8276.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 29300.0
  • Insurance Expense: 1500.0
  • Annual Operating Expense: 11400.0

Tax Info

  • Tax Annual Amount: 1304.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2016
Closed on
Nov 2, 2016
Sold by
Kramer Carol L
Bought by
Chung Christina and Christina Chung Revocable Living Trust
Seller's Agent
Constantin Ene
Ameropan Realty and Property
Buyer's Agent
Ramon Wu
O'Harmony Realty LLC
List Price
$206,000
Sold Price
$200,000
Premium/Discount to List
-$6,000
-2.91%
Current Estimated Value
$600,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,420
Avg. Annual Appreciation
13.05%

Purchase Details

Closed on
Nov 24, 2009
Sold by
Kramer Carol L
Bought by
Kramer Carol L and Trust B

Purchase Details

Closed on
Feb 11, 2002
Sold by
Faulkner William David and Faulkner Patricia P
Bought by
Kramer Robert S and Robert S & Carol L Kramer Trust

Purchase Details

Closed on
Jul 18, 1996
Sold by
Faulkner William David and Faulkner Patricia P
Bought by
Faulkner William David and Faulkner Patricia P
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chung Christina $200,000 Chicago Title Of Nevada
Kramer Carol L -- None Available
Kramer Robert S $195,000 Old Republic Title Company
Faulkner William David -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2016 11/14/16 Sold $200,000 -2.9% $62 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $206,000 -- $64 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,114 $98,293 $42,350 $55,943
2024 $1,958 $98,293 $42,350 $55,943
2023 $1,958 $93,097 $40,600 $52,497
2022 $1,814 $83,468 $33,250 $50,218
2021 $1,680 $76,140 $28,000 $48,140
2020 $1,557 $73,858 $25,200 $48,658
2019 $1,459 $71,413 $22,750 $48,663
2018 $1,392 $64,123 $16,800 $47,323
2017 $1,825 $61,261 $14,525 $46,736
2016 $1,304 $61,017 $12,600 $48,417
2015 $1,301 $59,101 $11,200 $47,901
2014 $1,260 $41,517 $7,000 $34,517
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Constantin Ene

    Ameropan Realty and Property

    (702) 250-6273

    3 in this area

    46 Total Sales

    Constantin Ene
    Section Image
  • Ramon Wu

    Buyer's Agent in 2016

    Ramon Wu

    O'Harmony Realty LLC

    (702) 334-7767

    4 in this area

    92 Total Sales

    Ramon Wu
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1829907

Las Vegas REALTORS®

APN: 140-19-712-040

Nevada Clark County Las Vegas 89115

4171 Terrestrial Ln, Las Vegas, NV

This home is located at 4171 Terrestrial Ln, Las Vegas, NV 89115 since 30 August 2016 and is currently estimated at $600,420, approximately $186 per square foot. This property was built in 1987. 4171 Terrestrial Ln is a home located in Clark County with nearby schools including Manuel J. Cortez Elementary School, Mario C. & Joanne Monaco Middle School, and Desert Pines High School.

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